Background

Mr. Scott C. Vicary, CFA served as a Managing Director at Global Environment Fund (GEF). Mr. Vicary worked with the Emerging Markets team since he joined GEF in 2000 and had primary responsibility for GEF's investment program in Central and Eastern Europe. Mr. Vicary has been working in Central and Eastern Europe since 1990. Prior to joining GEF, he worked for Electrotek Concepts Inc., where he concluded a range of power and energy efficiency deals in Bulgaria, Romania, ... and Hungary. Mr. Vicary managed a contract that established a United States backed guarantees program for commercial bank lending in Bulgaria and served as the Chief Financial Officer at an energy service company in Hungary that he helped found as a subsidiary of Electrotek. Prior to the World Bank, he worked from 1990-1992 as an East European Equity Analyst for James Capel. Mr. Vicary’s work at James Capel included financial analysis on some of the first privatization deals in Central Europe. He served as a Director at Euromedic International BV. Mr. Vicary speaks fluent Russian. He received the C.F.A. designation in 1999. Mr. Vicary received an M.Phil. degree in Soviet and East European Economics from Oxford University and holds a B.A. degree, summa cum laude, in Russian and Soviet Studies from the University of Pennsylvania.

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